Wellington Management Group LLP Grows Holdings in Burlington Stores, Inc. (NYSE:BURL)

Wellington Management Group LLP increased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,950 shares of the company's stock after purchasing an additional 64,233 shares during the quarter. Wellington Management Group LLP owned approximately 0.34% of Burlington Stores worth $60,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BURL. Norges Bank acquired a new position in Burlington Stores in the fourth quarter valued at about $227,268,000. Capital International Investors boosted its position in Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Burlington Stores by 55.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock valued at $191,560,000 after buying an additional 240,144 shares during the last quarter. Steadfast Capital Management LP acquired a new stake in Burlington Stores in the 4th quarter valued at about $67,075,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Burlington Stores by 30.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock valued at $272,417,000 after purchasing an additional 225,124 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Morgan Stanley dropped their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Wells Fargo & Company dropped their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Evercore ISI dropped their target price on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $312.27.

Burlington Stores Price Performance

BURL stock traded up $0.61 during trading on Friday, reaching $228.41. 2,004,945 shares of the company were exchanged, compared to its average volume of 993,699. The company has a 50-day moving average of $239.08 and a two-hundred day moving average of $259.39. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.17. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now directly owns 22,858 shares in the company, valued at $5,431,746.54. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $16,797,239.64. This trade represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.